Ig Traders Ltd

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ig traders ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08266644

Website

http://moveoclock.co.uk

Registered Address

56a haverstock hill, london, NW3 2BH

Industry

Removal services

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Ghiorghita Paun11 Years

Shareholders

paun ghiorghita 100%

ig traders ltd Estimated Valuation

£29.7k

Pomanda estimates the enterprise value of IG TRADERS LTD at £29.7k based on a Turnover of £76.5k and 0.39x industry multiple (adjusted for size and gross margin).

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Ig Traders Ltd is a live company located in london, NW3 2BH with a Companies House number of 08266644. It operates in the removal services sector, SIC Code 49420. Founded in October 2012, it's largest shareholder is paun ghiorghita with a 100% stake. Ig Traders Ltd is a established, micro sized company, Pomanda has estimated its turnover at £76.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Ig Traders Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £76.5k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (6.2%)

EXPORT

Ig Traders Ltd's latest turnover from March 2023 is estimated at £76.5 thousand and the company has net assets of £4.7 thousand. According to their latest financial statements, Ig Traders Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Turnover	76,478	162,024	112,033	123,945	102,401	120,858	55,383	47,285	77,914	26,948
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	60,329	122,057	88,574	97,765	74,985	92,730	44,944	38,668	59,669	20,188
Gross Profit	16,149	39,968	23,459	26,180	27,417	28,128	10,439	8,617	18,245	6,760
Admin Expenses	11,806	38,547	9,270	38,889	13,749	35,645	20,135	-4,678	28,759	12,876
Operating Profit	4,343	1,421	14,189	-12,709	13,668	-7,517	-9,696	13,295	-10,514	-6,116
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	3	9	5	1
Pre-Tax Profit	4,343	1,421	14,189	-12,709	13,668	-7,517	-9,693	13,304	-10,509	-6,115
Tax	-825	-270	-2,696	0	-2,597	0	0	-2,661	0	0
Profit After Tax	3,518	1,151	11,493	-12,709	11,071	-7,517	-9,693	10,643	-10,509	-6,115
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,518	1,151	11,493	-12,709	11,071	-7,517	-9,693	10,643	-10,509	-6,115
Employee Costs	69,691	65,000	25,539	61,463	54,372	59,248	27,115	26,488	27,910	25,307
Number Of Employees	2	2	1	2	2	2	1	1	1	1
EBITDA*	4,343	1,421	14,189	-12,709	13,668	-7,517	-5,980	14,083	-9,464	-4,716

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Tangible Assets	35,332	2,716	3,621	4,829	6,439	8,585	11,146	2,362	3,150	4,200
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	35,332	2,716	3,621	4,829	6,439	8,585	11,146	2,362	3,150	4,200
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	5,300	28,862	21,049	5,682	11,069	7,377	719	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	392	1,843	1,586	370
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	5,300	28,862	21,049	5,682	11,069	7,377	1,111	1,843	1,586	370
total assets	40,632	31,578	24,670	10,511	17,508	15,962	12,257	4,205	4,736	4,570
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	13,432	20,445	24,006	35,340	29,628	39,153	27,831	10,086	21,260	10,585
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	13,432	20,445	24,006	35,340	29,628	39,153	27,831	10,086	21,260	10,585
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	22,531	9,982	14,000	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,531	9,982	14,000	0	0	0	0	0	0	0
total liabilities	35,963	30,427	38,006	35,340	29,628	39,153	27,831	10,086	21,260	10,585
net assets	4,669	1,151	-13,336	-24,829	-12,120	-23,191	-15,574	-5,881	-16,524	-6,015
total shareholders funds	4,669	1,151	-13,336	-24,829	-12,120	-23,191	-15,574	-5,881	-16,524	-6,015

	Mar 2023	Mar 2022	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Operating Activities
Operating Profit	4,343	1,421	14,189	-12,709	13,668	-7,517	-9,696	13,295	-10,514	-6,116
Depreciation	0	0	0	0	0	0	3,716	788	1,050	1,400
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-825	-270	-2,696	0	-2,597	0	0	-2,661	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-23,562	28,862	15,367	-5,387	3,692	6,658	719	0	0	0
Creditors	-7,013	20,445	-11,334	5,712	-9,525	11,322	17,745	-11,174	10,675	10,585
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	20,067	-7,266	-15,208	-1,610	-2,146	-2,853	11,046	248	1,211	5,869
Investing Activities
capital expenditure	-32,616	-2,716	1,208	1,610	2,146	2,561	-12,500	0	0	-5,600
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-32,616	-2,716	1,208	1,610	2,146	2,561	-12,500	0	0	-5,600
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	12,549	9,982	14,000	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	3	9	5	1
cash flow from financing	12,549	9,982	14,000	0	0	-100	3	9	5	101
cash and cash equivalents
cash	0	0	0	0	0	-392	-1,451	257	1,216	370
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-392	-1,451	257	1,216	370

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ig traders ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in NW3 area or any other competitors across 12 key performance metrics.

IG TRADERS LTD group structure

Ig Traders Ltd has no subsidiary companies.

Ultimate parent company

IG TRADERS LTD

08266644

IG TRADERS LTD Shareholders

paun ghiorghita

100%

Ig Traders Ltd currently has 1 director, Mr Ghiorghita Paun serving since Oct 2012.

officer	country	age	start	end	role
Mr Ghiorghita Paun	England	40 years	Oct 2012	-	Director

P&L

March 2023

turnover

76.5k

-53%

operating profit

4.3k

gross margin

21.2%

-14.4%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

4.7k

+3.06%

total assets

40.6k

+0.29%

cash

net assets

Total assets minus all liabilities

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company number

08266644

Type

Private limited with Share Capital

industry

49420 - Removal services

incorporation date

October 2012

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

56a haverstock hill, london, NW3 2BH

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to ig traders ltd.

ig traders ltd Company Information

ig traders ltd Estimated Valuation

ig traders ltd Estimated Valuation

ig traders ltd Estimated Valuation

Ig Traders Ltd Overview

Ig Traders Ltd Health Check

IG TRADERS LTD financials

ig traders ltd Credit Report and Business Information

Ig Traders Ltd Competitor Analysis

ig traders ltd Ownership

ig traders ltd directors

ig traders ltd company details

ig traders ltd Charges & Mortgages

ig traders ltd Companies House Filings - See Documents